Frontier Lithium (CVE:FL) Stock Price Up 1% - Should You Buy?

Key Points

• Frontier Lithium Inc. shares increased by 1% during trading, reaching C$0.50, though trading volume fell by 69% from the average.
• BMO Capital Markets has set a price target of C$0.75 for the stock, with a consensus rating of "Hold" and an average price target of C$1.63.
• The company, with a market cap of C$111.62 million, is focused on the acquisition and development of mining properties, notably the PAK Lithium project in Ontario, Canada.

Frontier Lithium Inc. (CVE:FL - Get Free Report) shares shot up 1% during mid-day trading on Monday . The company traded as high as C$0.50 and last traded at C$0.50. 33,835 shares were traded during mid-day trading, a decline of 69% from the average session volume of 107,798 shares. The stock had previously closed at C$0.50.

Analysts Set New Price Targets

Separately, BMO Capital Markets set a C$0.75 target price on Frontier Lithium and gave the stock a "market perform" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$1.63.

Frontier Lithium Trading Down 1.0%

The company has a debt-to-equity ratio of 0.12, a current ratio of 4.15 and a quick ratio of 5.19. The company has a market capitalization of C$112.87 million, a price-to-earnings ratio of -6.19 and a beta of 1.06. The business's 50-day moving average price is C$0.52 and its two-hundred day moving average price is C$0.55.

About Frontier Lithium

Frontier Lithium Inc engages in the acquisition, exploration, and development of mining properties in North America. Its flagship property includes the PAK Lithium project, which covers approximately 27,415 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.